Drill, baby, drill!! Erp. Bidens war on fossil fuels!! Erp.

Originally posted by: Inigo Montoya

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Peak Oil.  I remember in the 80s we were going to run out before the end of the 90s during the Ozone scare in 1985!  Er mah GERD!  It's always some catastrophe 'in 10 years' while special interests scoop up taxpayer dollars.  

 

Never let a crisis go to waste, especially the ones created to cause a crisis.

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Originally posted by: Boilerman

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The more leases sold, the more opportunities for projects that make economic sense in this market.  That is not speculation, but instead fact.  Trump and friends can create a situaiton which will help spur oil and gas exploration and production.

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Originally posted by: Kevin Lewis

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The fossil fuel companies have no interest at all in increasing supply, which would only drive prices down.

 

Oh, and Trump HAS no friends. Only lackeys and sycophants. Not a single person on the planet actually likes him.

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Originally posted by: tom

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The fossil fuel companies have no interest at all in increasing supply,

 

If you don't increase supply eventually you run out of inventory, a concept alleged economist LAM can't seem to grasp

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Originally posted by: David Miller

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  I believe that this actually applies to you, Lewis -- Oh, and Trump HAS no friends. Only lackeys and sycophants. Not a single person on the planet actually likes him.

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Originally posted by: Kevin Lewis

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Let me clarify, stupid Tom. I guess I have to do that because you're such an ignorant fuck.

 

By "supply" I mean available product that can be extracted and refined immediately. There is also a larger supply that hasn't been explored/surveyed/prepared for extraction.

 

The fossil fuel companies have no interest in adding to the immediately usable supply. They have more than enough to meet existing demand, and increasing that supply without a concurrent increase in demand would only result in a drop in prices. Then they'd have to extract and refine that much more product in order to generate the same revenue.

 

DUHHHHH. Economics 101.

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Originally posted by: Boilerman

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Wrong.  If they find a field which is very promising, they will drill test wells and if that goes well the play will be developed.  Fringe plays will likely not be developed at current prices.  The more lease opportunities, the more great opportunities and more drilling.

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Originally posted by: Kevin Lewis

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The fossil fuel companies have no interest at all in increasing supply, which would only drive prices down.

 

Oh, and Trump HAS no friends. Only lackeys and sycophants. Not a single person on the planet actually likes him.

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Originally posted by: Kevin Lewis

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Great opportunities for what? Oversupply? They already have 4000 wells that they're not using and could be made productive in a matter of weeks.

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Why would they want to drill baby drill if they're not selling all of the product they have now?

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